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Budget Briefs
• The 8.4% increase in dery duly from 37p to just over 40p a litre means hauliers' total operating costs will increase on a scale between 0.92% for a 3.5-tonne GVW vehicle......
• There Was No Change To Ved Rates For Most
hauliers (but see table right) and no change to current capital allowances of 40% tax relief for investors in major items including vehicles.......
• Government Spending On Motorways And Major Roads Is Due
to fall by a third of a billion pounds, to £1.7bn in 1997/98, which is to be offset by planned changes to the rules on capital allowances designed to encourage the investment of......
• Investment In Unquotecl Companies Is Being Encouraged...
relief on Venture Capital Investment Trusts Investors will be able to claim 20% up-front income tax relief on the purchase of shares in the trusts and roll-over capital gains......
• National Insurance And Income Tax Systems Are To Be
brought into closer alignment to ,,unplify the VAT system and allow more companies to pay quarterly. This means that some hauliers may be able to link their VAT payment to......
Fury Over Special Category Ved Hikes
• A "furious and flabbergasted" Freight Transport Association is demanding that proposed increases in Vehicle Excise Duty for special category vehicles are scrapped or reduced.......
Recovery Hit Hardest
by Ian Wylie • Hauliers could face massive increases in breakdown bills if the Government presses ahead with plans to charge recovery operators almost 60 times more in Vehicle......